Spot rubber shows mixed tren

On Tuesday (27 July 2010), the spot rubber showed a mixed trend and firm futures kept the sheet rubber bullish. The grade increased to Rs 183.50 from Rs 182.50 per kg mainly on covering purchases. Latex 60% continued its decline due to low demand.

The August futures for RSS 4 rose to Rs 184.50 (180.22), September to Rs 171.65 (167.52), October to Rs 161.90 (160.26) and November to Rs 160.50 (159.99) a kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 183.50 (182.50); RSS-5: 178 (177); ungraded: 168 (168); ISNR 20: 156.50 (158) and latex 60 per cent: 112 (117).

(indiainfoline.com)